C 
9.81
-1.51%
Close of 9 Nov 2026, in CNY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥468.0m
FY2016FY2025
Net income
−CN¥24.4m
FY2016FY2025
Free cash flow
−CN¥27.2m
FY2016FY2025
Shareholders' equity
CN¥1.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥468.0m | CN¥479.8m | CN¥746.9m | CN¥712.1m | CN¥908.7m | CN¥1.40bn | CN¥387.2m | CN¥362.7m | CN¥397.8m | CN¥442.1m |
| Research and development | CN¥91.7m | CN¥105.2m | CN¥110.6m | CN¥93.3m | CN¥66.1m | CN¥48.7m | CN¥40.6m | CN¥34.4m | CN¥35.0m | CN¥38.3m |
| Operating income | −CN¥14.0m | −CN¥67.6m | CN¥186.7m | CN¥219.3m | CN¥405.7m | CN¥714.6m | CN¥81.6m | CN¥69.5m | CN¥84.6m | CN¥96.8m |
| Net income | −CN¥24.4m | −CN¥77.9m | CN¥165.8m | CN¥196.2m | CN¥352.4m | CN¥613.4m | CN¥73.8m | CN¥62.0m | CN¥77.1m | CN¥103.5m |
| Diluted earnings per share | -0.07 | -0.18 | 0.40 | 0.50 | 0.88 | 1.53 | 0.18 | 0.18 | 0.21 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.77bn | CN¥2.73bn | CN¥3.21bn | CN¥3.73bn | CN¥2.79bn | CN¥2.10bn | CN¥679.2m | CN¥575.4m | CN¥554.1m | CN¥495.0m |
| Cash and short-term investments | — | CN¥855.9m | CN¥1.96bn | CN¥1.44bn | CN¥624.0m | CN¥814.1m | CN¥184.3m | CN¥241.8m | CN¥225.6m | CN¥166.7m |
| Total liabilities | CN¥1.04bn | CN¥868.1m | CN¥1.17bn | CN¥1.80bn | CN¥969.0m | CN¥529.0m | CN¥96.0m | CN¥66.1m | CN¥107.6m | CN¥123.9m |
| Debt | CN¥749.1m | CN¥785.4m | CN¥1.05bn | CN¥1.58bn | CN¥804.3m | CN¥267.9m | CN¥18.9m | — | CN¥576,500 | CN¥844,600 |
| Shareholders' equity | CN¥1.73bn | CN¥1.86bn | CN¥2.04bn | CN¥1.93bn | CN¥1.82bn | CN¥1.57bn | CN¥583.2m | CN¥509.2m | CN¥446.5m | CN¥371.0m |
| Shares outstanding | 358m | 432m | 412m | 396m | 402m | 400m | 403m | 337m | 360m | 369m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥22.3m | CN¥62.3m | CN¥181.0m | CN¥103.7m | CN¥4.6m | CN¥597.7m | CN¥50.2m | CN¥29.8m | CN¥117.6m | CN¥130.6m |
| Capital spending | −CN¥49.5m | −CN¥54.5m | −CN¥30.7m | −CN¥81.4m | −CN¥106.3m | −CN¥88.7m | −CN¥7.4m | −CN¥11.9m | −CN¥3.1m | −CN¥13.7m |
| Free cash flow | −CN¥27.2m | CN¥7.9m | CN¥150.3m | CN¥22.2m | −CN¥101.7m | CN¥509.1m | CN¥42.8m | CN¥17.9m | CN¥114.6m | CN¥117.0m |
| Dividends paid | −CN¥112.1m | −CN¥127.7m | −CN¥68.7m | −CN¥120.5m | −CN¥102.3m | −CN¥1.9m | −CN¥1.9m | −CN¥1.9m | −CN¥1.9m | −CN¥122.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥125.6m | CN¥100.3m | CN¥124.0m | CN¥126.4m | CN¥105.7m | CN¥111.8m | CN¥145.9m | CN¥122.1m |
| Operating income | −CN¥1.7m | −CN¥1.9m | −CN¥30.1m | −CN¥8.3m | CN¥1.1m | CN¥17.2m | −CN¥78.0m | CN¥5.1m |
| Net income | −CN¥41.0m | −CN¥8.2m | −CN¥33.8m | −CN¥7.5m | CN¥501,803 | CN¥16.4m | −CN¥87.8m | CN¥1.7m |
| Diluted earnings per share | -0.11 | -0.02 | -0.09 | -0.02 | 0.00 | 0.05 | -0.20 | 0.00 |
| Cash from operations | — | — | — | CN¥4.0m | −CN¥4.0m | CN¥29.0m | — | CN¥31.0m |
| Capital spending | −CN¥5.0m | −CN¥3.0m | −CN¥16.0m | −CN¥9.0m | −CN¥17.0m | −CN¥5.0m | −CN¥17.0m | −CN¥6.0m |
| Free cash flow | — | — | — | −CN¥5.0m | −CN¥21.0m | CN¥24.0m | — | CN¥25.0m |
| Total assets | CN¥2.64bn | CN¥2.79bn | CN¥2.77bn | CN¥2.79bn | CN¥2.77bn | CN¥2.79bn | CN¥2.73bn | CN¥2.83bn |
| Cash and short-term investments | — | — | — | CN¥1.41bn | CN¥1.38bn | CN¥1.42bn | CN¥855.9m | CN¥1.21bn |
| Debt | CN¥766.4m | CN¥757.7m | CN¥749.1m | CN¥198.6m | CN¥905.3m | CN¥823.2m | CN¥783.5m | CN¥805.1m |
| Shareholders' equity | CN¥1.68bn | CN¥1.72bn | CN¥1.73bn | CN¥1.77bn | CN¥1.77bn | CN¥1.87bn | CN¥1.86bn | CN¥1.93bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.3% | -7.7% | 31.3% | 33.7% | 45.3% | 51.3% |
| Net margin | -5.2% | -16.2% | 22.2% | 27.6% | 38.8% | 43.8% |
| Return on equity | -1.4% | -4.2% | 8.1% | 10.2% | 19.4% | 39.1% |
| Return on assets | -0.9% | -2.9% | 5.2% | 5.3% | 12.6% | 29.2% |
| Free cash flow yield | 1.8% | 2.5% | 4.7% | 4.3% | 2.5% | 15.7% |
| Revenue growth | -2.5% | -35.8% | 4.9% | -21.6% | -35.1% | 261.8% |
| Earnings growth | -68.6% | -147.0% | -15.5% | -44.3% | -42.6% | 731.4% |
| Current ratio | 8.39x | 14.25x | 5.40x | 2.30x | 1.41x | 2.46x |
| Debt to equity | 0.43x | 0.42x | 0.51x | 0.81x | 0.44x | 0.17x |
| Equity ratio | 62.5% | 68.1% | 63.7% | 51.7% | 65.3% | 74.8% |
| Interest coverage | 0.28x | -1.00x | 4.93x | 11.61x | 108.00x | 184.31x |
| R&D as a share of sales | 19.6% | 21.9% | 14.8% | 13.1% | 7.3% | 3.5% |
| Buybacks as a share of market value | 17.1% | -5.0% | -3.9% | 1.4% | -0.3% | 0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.1% | -19.7% | 5.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.6% | 13.5% | 30.6% | 27.9% |
| Net margin | -10.8% | 10.8% | 26.0% | 24.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -220.0 | -77.4 | 51.3 | 65.8 | 46.3 | 77.7 |
| Price to sales | 11.5 | 12.6 | 11.4 | 18.1 | 17.9 | 34.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 30 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.30 | 0.125 | 0.30 | 0.25 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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